Overview of the global architectural engineering and construction (AEC) market
The global AEC market is anticipated to grow rapidly and will post a CAGR of close to 12% during the forecast period. The rising demand for cloud-based AEC solutions will drive the growth prospects for the global AEC market until the end of 2021. One of the major factors responsible for the growing demand for cloud-based AEC solutions is its ability to provide centralized access to AEC-based project data irrespective of location. Also, other benefits associated with cloud-based AEC such as accessibility on any operating system such as Windows, Apple, and Android. Furthermore, the availability of new cloud-based AEC solutions will increase during the forecast period because many end-users have begun to realize the associated benefits such as low maintenance cost, flexibility, and scalability of the solution.
The growth of 5D building information modeling (BIM) will drive the growth prospects for the global AEC market for the next few years. 5D BIM is considered as an evolution of 4D and 3D BIM that provides a platform for the integration of time and cost factor. Also, 5D BIM helps in obtaining information such as deviations from the pre-determined project schedule and budget, an in-house database with complete details regarding the cost and labor productivity rates, efficient preparation of cost schedules, etc.
Competitive landscape and key vendors
The global AEC market is characterized by the presence of well-diversified international and regional vendors. It has been observed that international players are focusing on expanding their foothold in the market by increasing their product extensions, technological innovations, and M&A, whereas, local vendors find it difficult to compete with large vendors in terms of quality and features of AEC solutions.
Key vendors in this market are -
- Autodesk
- AVEVA
- Bentley Systems
- Nemetschek
- Trimble
Other prominent vendors in the market include 4M, CadSoft EAGLE, CYPE Ingenieros, Dassault Systèmes, Innovaya, Integrated Environmental Solutions, Newforma, and Virtual Build Technologies.
Segmentation by product and analysis of the AEC market
The software segment accounts for the maximum market share in 2016 and will continue to dominate the market for the next few years. With the growth in the global construction industry, the purchase of AEC software has significantly increased since 2010.
Segmentation by geography and analysis of the AEC market
In terms of geography, APAC is one of the fastest growing regions and will continue to grow during the forecasted period. Increased government initiatives that promote the adoption of AEC for public and private construction projects will drive the market’s growth prospects in this region.
Key questions answered in the report include
- What will the global architectural engineering and construction (AEC) market size and the growth rate be in 2021?
- What are the key factors driving the global architectural engineering and construction (AEC) market?
- What are the key market trends impacting the growth of the global architectural engineering and construction (AEC) market?
- What are the challenges to market growth?
- Who are the key vendors in the global architectural engineering and construction (AEC) market?
- What are the market opportunities and threats faced by the vendors in the global architectural engineering and construction (AEC) market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global architectural engineering and construction (AEC) market?
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Table of Contents
PART 01: Scope of the report
- Definition
- Market overview
- Top-vendor offerings
PART 02: Market research methodology
- Research methodology
- Economic indicators
PART 03: Introduction
- Key market highlights
- Overview of AEC software
- Market overview
PART 04: Global construction industry
- Global construction industry
- Growth forecast of construction industry
PART 05: Global AEC market
PART 06: Market segmentation by product
- Market segmentation by product
- Software
- Services
PART 07: Geographical segmentation
- AEC market in EMEA
- AEC market in Americas
- AEC market in APAC
PART 08: Market drivers
- Reduction in project design time
- Rising demand for cloud-based AEC solutions
- Need to improve construction quality
PART 09: Impact of drivers
PART 10: Market challenges
- Interoperability issues in BIM
- High cost of AEC software
- High training cost
- Rise in use of open-source software
PART 11: Impact of drivers and challenges
PART 12: Market trends
- Growth of 5D BIM
- Increased adoption of open BIM
- Growth of virtualization process
PART 13: Five forces model
PART 14: Key vendor analysis
- Competitive analysis
- Vendor comparison
- Other prominent vendors
PART 15: Key vendor profiles
- Autodesk
- AVEVA
- Bentley Systems
- Intergraph
- Nemetschek
- Trimble
PART 16: Appendix
PART 17: Explore Technavio